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20110701
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. it was believed they forged a partnership, but jon karl is in washington, and the speaker fired off a letter just before we came on the air tonight? >> reporter: that's right. the speaker and the president were on the verge of an historic deal that would have cut spending by $3.5 trillion, dealt with the debt crisis and raised that debt ceiling. now, the speaker has fired off this letter to all the members of the house, saying the deal, the talks are over. he says it has become evident that the white house is simply not serious about ending the spending binge. in the end, the speaker writes, we could not connect. i'm told this broke down over a disagreement over how much to raise tax revenues. >> and jon, you know it wasn't long after we learned that this letter was coming that the president said he was going to fire back then, too. here's what the president just said, we'll get your reaction herere >> we have run out of time and they are going to have to explain to me how it is that we are going to avoid default. and they can come up with any plans s at they want and bring them up here and we wi
. no one's making anything happen. >> so, we asked jon karl of abc to break it down and tell us, why it is so hard to cut a deal. >> reporter: welcome to washington, a place where, right now, it seems, nothing can get done. >> every one of us is an accomplice in causing this great nation to decline. every single o o of us. >> reporter: congresestoday looked like a bad game show. >> this is the wheel of misfortune that we have to avoid getting into. >> reporter: the key number, 217. the votes needed to pass a debt deal in the house. republicans are now in charge, but they don't have 217 votes to not even the last ditch option offered by republican mitch mcconnell, that would allow the president to raise the debt ceiling, but to put republicans on record opposing it. tea party republicans are saying no way to mcconnell. there is no way you'll do that, even if mitch mcconnell says it's the only option? >> mitch mcconnell is not the only person with a brain here in washington, d.c. >> reporter: after more than a week of sniping, the two republican leaders in the house say they've made pe
Search Results 0 to 2 of about 3 (some duplicates have been removed)

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